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Senior Consultant, Investment Accounting

Senior Consultant, Investment Accounting
Job Description
Must have a sound understanding of accounting and financial principals relating to investment and regulatory reporting on a Statutory and GAAP basis
Must have working knowledge of fixed income and equity securities and understand activity related to accruals, income payments, and other maintenance transactions
Must have experience working with the Annual and Quarterly NAIC Statutory Investment Schedules including Schedule D Part 1-5, DA Part 1 and 2, Schedule D/DA VBY, Schedule D 1B, Summary By Country and the various footnote and interrogatories
General understanding of derivatives and exposure to Statutory Schedule DB all parts and sections
Major Duties
Ensure appropriate books and records are maintained for all client investment portfolios by applying the proper STAT and GAAP prescribed guidance
Maintain accurate GAAP and STAT records for investment activity including fixed income, equity and a variety of other types of securities
Interact and management day-to-day Client inquiries and questions
Review and analyze investment activity for client portfolios and perform cash and holdings reconciliations
Complete month end closing processes and activities on a timely basis
Monitor interfaces between custody systems and accounting system to ensure that transaction data is captured as accurate and efficiently as possible
Maintain client books and records including production of P&L, Trial Balances and other client related reporting requests
Work closely with various Operational and Client Servicing group
Maintain documentation for appropriate policies and procedures
Knowledge / Skills
Must have a sound understanding of accounting and financial principals relating to investment and regulatory reporting on a Statutory and GAAP basis
Direct experience in the preparation and review of the required Annual and Quarterly Statement Investment Schedules or General Account Annual Statement Reporting experience
General understanding of accounting and financial principals relating to investment and regulatory reporting either through GAAP Audited Statement preparation or Statutory Reporting exposure
Must have working knowledge of fixed income and equity securities' processing on an investment accounting system like PAM, CAMRA, or FAM as it relates to booking activity for accruals, income payments, corporate actions, and other maintenance transactions
General understanding of derivatives and other special asset classes
Microsoft Office, with advanced knowledge in Excel, pivot tables, and general database skills with Access or Excel
Experience
Degree in finance or accounting preferred
Minimum of 3 years of insurance investment accounting operations experience working for a financial services company or service organization
CPA highly desirable
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of September 30, 2018, Northern Trust Corporation had:
$10.8 trillion in assets under custody / administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets


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